This product comes in the realization of the bank that SMEs represent the backbone of growth and contribute effectively to enriching the local economy. By introducing this new product for POS devices, the bank provides unique financing facilities to its existing customers based on POS sales made using cards and wallets.
This product will help thousands of stores that use POS devices, both current and new, to secure access to their cash flow and capital needs for their business. It is also worth noting that this product is available to stores that have good financial stability for at least 3 years. Business owners can obtain credit facilities of average sales for 3 months, once their request is accepted.
On this occasion, Sofrat Segal, Group Executive Vice President – Retail Banking at Ahli United Bank said: “We believe that the market is in urgent need of this service now, and we have developed this unprecedented product in order to help facilitate access to financing services, which It will contribute to achieving more growth in the market The success of our SME partners is extremely important to our own success, and we invest our knowledge of the market in developing products that respond to the requirements of growth in this vital sector of the economy.
Ahli United Bank hopes that this service will contribute to converting the successes of its partners to more growth, and assure them of speed in approving and completing the service procedures. In addition, the bank will provide them with this service at great rates and with a minimum of fees.